| Product Code: ETC4574192 | Publication Date: Jul 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Sri Lanka import trend for in-wheel motors showed significant growth from 2023 to 2024, with a growth rate of 119.38%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 52.06%. This surge in imports could be attributed to increasing demand for electric vehicles and efforts to enhance sustainability in transportation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka In-Wheel Motor Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka In-Wheel Motor Market - Industry Life Cycle |
3.4 Sri Lanka In-Wheel Motor Market - Porter's Five Forces |
3.5 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.6 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.9 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Power Output Type, 2021 & 2031F |
3.10 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Vehicle Class, 2021 & 2031F |
3.11 Sri Lanka In-Wheel Motor Market Revenues & Volume Share, By Motor Weight, 2021 & 2031F |
4 Sri Lanka In-Wheel Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on sustainable transportation solutions |
4.2.2 Government initiatives promoting electric vehicle adoption |
4.2.3 Growing demand for energy-efficient vehicles in Sri Lanka |
4.3 Market Restraints |
4.3.1 High initial cost of in-wheel motors |
4.3.2 Limited charging infrastructure for electric vehicles in Sri Lanka |
4.3.3 Lack of awareness and education about the benefits of in-wheel motors |
5 Sri Lanka In-Wheel Motor Market Trends |
6 Sri Lanka In-Wheel Motor Market, By Types |
6.1 Sri Lanka In-Wheel Motor Market, By Propulsion |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Propulsion, 2021 - 2031F |
6.1.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By BEV, 2021 - 2031F |
6.1.4 Sri Lanka In-Wheel Motor Market Revenues & Volume, By FCEV, 2021 - 2031F |
6.1.5 Sri Lanka In-Wheel Motor Market Revenues & Volume, By HEV, 2021 - 2031F |
6.1.6 Sri Lanka In-Wheel Motor Market Revenues & Volume, By PHEV, 2021 - 2031F |
6.2 Sri Lanka In-Wheel Motor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Passenger Car, 2021 - 2031F |
6.2.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Commercial Vehicle, 2021 - 2031F |
6.3 Sri Lanka In-Wheel Motor Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Axial Flux Motor, 2021 - 2031F |
6.3.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Radial Flux Motor, 2021 - 2031F |
6.4 Sri Lanka In-Wheel Motor Market, By Cooling Type |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Air-cooled, 2021 - 2031F |
6.4.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Liquid-cooled, 2021 - 2031F |
6.5 Sri Lanka In-Wheel Motor Market, By Power Output Type |
6.5.1 Overview and Analysis |
6.5.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Up to 60 KW, 2021 - 2031F |
6.5.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By 60??90 KW, 2021 - 2031F |
6.5.4 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Above 90 KW, 2021 - 2031F |
6.6 Sri Lanka In-Wheel Motor Market, By Vehicle Class |
6.6.1 Overview and Analysis |
6.6.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Mid-priced, 2021 - 2031F |
6.6.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Luxury, 2021 - 2031F |
6.7 Sri Lanka In-Wheel Motor Market, By Motor Weight |
6.7.1 Overview and Analysis |
6.7.2 Sri Lanka In-Wheel Motor Market Revenues & Volume, By Less than 20 Kg, 2021 - 2031F |
6.7.3 Sri Lanka In-Wheel Motor Market Revenues & Volume, By 20-30 Kg, 2021 - 2031F |
6.7.4 Sri Lanka In-Wheel Motor Market Revenues & Volume, By , 2021 - 2031F |
7 Sri Lanka In-Wheel Motor Market Import-Export Trade Statistics |
7.1 Sri Lanka In-Wheel Motor Market Export to Major Countries |
7.2 Sri Lanka In-Wheel Motor Market Imports from Major Countries |
8 Sri Lanka In-Wheel Motor Market Key Performance Indicators |
8.1 Average number of electric vehicles using in-wheel motors in Sri Lanka |
8.2 Number of charging stations for electric vehicles across the country |
8.3 Percentage of total vehicles in Sri Lanka using energy-efficient technologies |
9 Sri Lanka In-Wheel Motor Market - Opportunity Assessment |
9.1 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.2 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.5 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Power Output Type, 2021 & 2031F |
9.6 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Vehicle Class, 2021 & 2031F |
9.7 Sri Lanka In-Wheel Motor Market Opportunity Assessment, By Motor Weight, 2021 & 2031F |
10 Sri Lanka In-Wheel Motor Market - Competitive Landscape |
10.1 Sri Lanka In-Wheel Motor Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka In-Wheel Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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